Remortgages

Homeowners may do this because it can:

• Give you access to funds following an increase in the equity of your property
• Provide an improved rate of interest following a change in circumstances since you first bought the property
• Provide better security in the form of a fixed-rate (if the previous mortgage was on a tracker or variable rate)

As there is no buyer or seller to deal with, it is often possible to complete a remortgage rapidly once the mortgage offer is issued. Typical times are around three weeks from a formal mortgage offer being issued by your bank.

Once your mortgage offer is formally issued by the lender, we will

• Provide you with advice on the legal aspects of the mortgage
• Manage the repayment of your existing mortgage
• Process the remortgage in accordance with your new lender’s requirements in an efficient way as possible.
• Provide you with a clear statement showing the net sums received and paid